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FLS — FLSmidth & Co. A/S News Story

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Brief: Flsmidth Investigates Potential Non-Compliance With Sanctions Regulations

May 1 (Reuters) - FLSmidth & Co A/S FLS.CO:

INVESTIGATES POTENTIAL NON-COMPLIANCE WITH SANCTIONS REGULATIONS AND TAKES STEPS TO ENHANCE COMPLIANCE MEASURES

NOTIFIES OFAC AND DANISH BUSINESS AUTHORITY OF INVESTIGATION

INTERNAL INVESTIGATION SHOWS RELEVANT TENDER MATERIALS WERE PROVIDED AT PROPOSAL-STAGE WITHOUT PROJECT CONTRACTS HAVING BEEN CONCLUDED

REVIEWING AND ENHANCING COMPLIANCE PROGRAMME AND RISK MANAGEMENT

INTERNAL INVESTIGATION FINDINGS INDICATE THAT TENDER ACTIVITIES COULD CONSTITUTE SERVICES WITHIN SCOPE OF APPLICABLE SANCTIONS REGULATIONS

INTERNAL INVESTIGATION FINDINGS INDICATE THAT TENDER ACTIVITIES COULD CONFLICT WITH INTERNAL PROCEDURES

Source text: ID:nGNE7CY1ZJ

Further company coverage: FLS.CO

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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